SUCCESS STORY
Toluca Lake Owner-User Sold in 90 Days
10763-65 Kling St.
Escrow opened one month after the Seller signed the listing agreement. Despite several DD obstacles, the KST got the deal to the finish line.
Price
$
1,505,000
City
Toluca Lake
Current Cap Rate
4.50
%
Price P/ Unit
$
301,000
Lot Size
7,773
SF
10763 kling
About the Property
10763-65 Kling Street featured five maintained units in the family-friendly Toluca Lake submarket. Situated just west of Lankershim Blvd, the subject property was minutes from the heart of the North Hollywood Arts District. This perfect owner-user investment property featured (1) 2-bdrm. and 2-bath single-family home and (4) 1-bdrm. units in a two-story back building. Property amenities included on-site laundry (for the front house), a communal backyard, five parking spaces, and each unit was separately metered for gas and electricity.
Price
$
1,505,000
City
Toluca Lake
Current Cap Rate
4.50
%
Price P/ Unit
$
301,000
Lot Size
7,773
SF
Background
Located 1 mile from the heart of the NoHo Arts District, 10763 Kling is the perfect owner-user featuring a VACANT 2-bdrm. and 2-bath single-family home and (4) 1-bdrm. units. After receiving a referral from a financial advisor, the Seller was ready to enjoy her retirement, and contacted KST to cash out.
Result
Two days after listing the property on the MLS, Max identified a well-qualified buyer. Escrow opened in late January and closed 60 days later at $1,505,000. The Seller was thrilled with the speed of the process, cashing out 90 days after signing the listing agreement.
